Thursday 11th August 1988
British Aerospace (BAe) purchased ‘The Rover Group’ for £150 million. The Rover Group plc was the name given in 1986 to the British vehicle manufacturer BL (formerly British Leyland), which had been state-owned company since 1975. It initially included the Austin Rover Group car business (comprising the Austin, Rover, Mini and MG marques), Land Rover Group, Freight Rover vans and Leyland Trucks. The Rover Group also owned the dormant trademarks from the many companies that had merged into BL and its predecessors such as Triumph, Morris, Wolseley, Riley and Alvis.
BAe sold the remaining car business to the German company BMW in 1994. The group was further broken up in 2000, when Ford acquired the Land Rover division, with the Rover and MG marques continuing with the much smaller MG Rover Group until 2005. Ownership of the original Rover Group marques is currently split between BMW (Germany), SAIC (China), and Tata Motors (India), the latter owning the Rover marque itself with its subsidiary Jaguar Land Rover owning much of the assets of the historic Rover company.